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2241 E Platte Ave
Colorado Springs, CO 80909
First Bid Meets Reserve | Value-Add Mixed-Use · Multifamily Property For Sale
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26 Units
Investment Highlights
- First bid meets reserve.
- Nestled in the Knob Hill suburb of Colorado Springs, a lively neighborhood with parks, shopping, entertainment, restaurants, and schools.
- New buyer may also have the potential to convert the current build-out from 12 to 26 residential units to cater to full residential renter demand.
- 2241 E Platte Avenue is home to Skyline Apartments, a 12-unit apartment building with 14 ground-level office and retail commercial units.
- This investment opportunity presents immense value-add via renovations and upgrades leading to increased occupancy and rent.
- Nearby are The Citadel Mall, Sunrise Square Shopping Center, UCHealth Memorial Hospital Central, Hillside Plaza at Memorial Park, and much more.
Property Facts
| Sale Condition | Auction Sale | Lot Size | 0.71 AC |
| Type of Ownership | Fee Simple | Building Size | 16,127 SF |
| No. Units | 26 | Average Occupancy | 16% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1953 |
| Apartment Style | Low-Rise | Parking Ratio | 2.11/1,000 SF |
| Building Class | C | Parcel Number | 64162-11-039 |
| Zoning | C-6 | ||
| Sale Condition | Auction Sale |
| Type of Ownership | Fee Simple |
| No. Units | 26 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.71 AC |
| Building Size | 16,127 SF |
| Average Occupancy | 16% |
| No. Stories | 2 |
| Year Built | 1953 |
| Parking Ratio | 2.11/1,000 SF |
| Zoning | C-6 |
| Parcel Number | 64162-11-039 |
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